Coakley \co(ak)-ley\ as a boy's name is of Old English origin, and the meaning of Coakley is "charcoal meadow". Place name. Coke was the term for the flammable residue from burning coal, and a valuable resource of fuel.
Coakley has 4 variant forms: Coakly, Cokeley, Cokelie and Cokely.
A baby name that sounds like Coakley is Quigley.